Want us to call you? click here

Huge investments, the constant battle to deliver investor value, the growing need for accountability… The complexity of the mutual funds industry calls for sophisticated insurance solutions that protect those who manage them. With HDFC ERGO General Insurance Company’s Mutual Fund Asset Protection Insurance, there’s now an indemnity policy tailored to meet the specialized needs of mutual fund professionals like you.


What are typical Claims?

	Improper trading.
	Disputes over fees.
	Inappropriate investments.
	Breach of investment guidelines.
	Failure to properly disclose risks.
	Inappropriate valuation of portfolio securities.
	Breach of fiduciary duty/trust.

What is covered?
This policy is specifically designed to address the needs of:

	The Mutual Fund.
	The Corporate Trustee.
	The Investment Management Company.

Who is covered?
The policy offers protection for the firm’s critical contribution, including present and future director, officers and employees of the Corporate Trustee and/or Investment Manager.

Policy Features:

	The definition of a claim includes civil or criminal proceedings, administrative investigations and written demands.
	Claims made policy.
	Extended reporting period is available.
	Severability of all exclusions for insured individuals.
	Severability of the proposal form.
	Can insure any combination of unit trusts, trustees, investment managers and their directors, officers and employees
	No standard prior acts exclusion.
	Automatic “Run off” cover for Insured, if acquired.
	Advancement of defence costs prior to final disposition of a claim.
	Insureds have the right to choose their own legal counsel subject to HDFC ERGO General Insurance Company’s prior approval.

Download Proposal form   (PDF 95.2 KB)